US Stops The Importation Of Nigeria's Crude Oil...

United States have stopped the importation of Nigerian crude oil following the latest discovery of shale oil and gas in a large commercial quantity in the country.. Us was a major customer customer of Nigeria's crude oil up until a certain point, accounting for 19.5 percent of the Giant of Africa's country total crude export...

According to the Statement of the Hon. Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke made at Abuja on thursday, that Nigeria has begun a search for an alternative market.

The Hon. Minister was also making some clarification at a workshop on the controversial Petroleum Industry Bill (PIB) that is pending at the National Assembly..

Still calling for the passage of the bill, the Hon. Minister made suggestions that his country must have to adopt a sustainable economic strategy.

She also said that the Nation is expected to have a very vibrant economy because it has initiated policies on commercialization, gas price, and also reforms on oil as captured in the bill....